NXP Semiconductors Reports Third Quarter 2024 Results

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Investors:Media:
Jeff PalmerPaige Iven
jeff.palmer@nxp.compaige.iven@nxp.com
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NXP-CORP

NXP Semiconductors
Table 1: Condensed consolidated statement of operations (unaudited)

($ in millions except share data) Three months ended
  September 29, 2024  June 30, 2024  October 1, 2023
      
Revenue $ 3,250   $ 3,127   $ 3,434 
Cost of revenue (1,384)  (1,335)  (1,469)
Gross profit  1,866    1,792    1,965 
Research and development (577)  (594)  (601)
Selling, general and administrative (265)  (270)  (294)
Amortization of acquisition-related intangible assets (29)   (28 )     (71 )
Total operating expenses   (871 )     (892 )     (966 )
Other income (expense)   (5 )     (4 )     (7 )
Operating income (loss)   990       896       992  
Financial income (expense):          
Extinguishment of debt                
Other financial income (expense)   (82 )     (75 )     (75 )
Income (loss) before income taxes   908       821       917  
Benefit (provision) for income taxes   (173 )     (154 )     (123 )
Results relating to equity-accounted investees   (6 )     (3 )     (2 )
Net income (loss)   729       664       792  
Less: Net income (loss) attributable to non-controlling interests   11       6       5  
Net income (loss) attributable to stockholders   718       658       787  
           
Earnings per share data:          
Net income (loss) per common share attributable to stockholders in $
Basic $ 2.82     $ 2.58     $ 3.06  
Diluted $ 2.79     $ 2.54     $ 3.01  
           
Weighted average number of shares of common stock outstanding during the period (in thousands):
Basic   254,458       255,478       257,488  
Diluted   257,717       258,732       261,095  
           

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